The European luxury industry faces a significant first-quarter slowdown, with Gucci-owner Kering SA’s sales warning considered a bad omen for the sector.
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Kering’s Gucci Warning Wipes $7.6 Billion Off Market Value(Bloomberg) -- Kering SA shares plunged after the French luxury group warned that sales at Gucci, its biggest brand, have fallen about 20% in the first...
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Snowy, winter weather on the way for much of the northSnowfall warning and winter storm warning in place for some areas
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UPDATE: Winter storm warning, snowfall warning ended for northern B.C.The warning included Terrace, Smithers, Vanderhoof and Quesnel
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Lily Gladstone’s Custom Gucci Gown at the 2024 Oscars Pays Homage to Her Indigenous RootsBest actress nominee Lily Gladstone wore a look made in collaboration with Joe Big Mountain of Ironhouse Quillwork.
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Gucci Sales to Plunge 20% in First Quarter on Asia Slowdown, Kering SaysKering SA warned that sales at Gucci will plunge about 20% in the first quarter due to a steeper than expected decline in the Asia-Pacific region, widening the gap between the French luxury company and its main rivals.
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Markets today: Traders await Fed with luxury in focus after GucciLuxury stocks led losses in Europe after Gucci-owner Kering SA warned about declining sales, fueling worries about high-end consumer spending in China. Treasuries and U.S. equity futures were steady before today’s U.S. Federal Reserve meeting.
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